Germany could back Draghi for ECB chief: Merkel

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Germany could back Italian central bank chief Mario Draghi to take over as European Central Bank president, Chancellor Angela Merkel was quoted by a newspaper as saying on Wednesday.

"Germany could back his candidacy for the position of ECB president," she told the Die Zeit weekly in an interview.

Germany's Finance Minister Wolfgang Schaeuble has previously also suggested he would like to see Draghi as the next head of the ECB when Frenchman Jean-Claude Trichet's term ends in October.

© 2011 AFP

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